Personal Finance Giftmarks Checklist

Personal Finance Giftmarks Make gifts. Prepare will. Execute a financial durable Power of Attorney. Secure life insurance to provide for loved ones and life end goals. Save on taxes. Create living trust during life that will avoid probate. Create trusts at end of life. Extend benefits to future creditors. Retain property in your family. Preserve property in case of failed marriages. Obtain professional management and financial services. Get professional financial advice. Carry out beneficiary designations for 401k, IRA, & retirement plan. Donate organs for medical use (transplant and research)? Prearrange funeral, burial, and/or cremation. Design/choose monument. Write own epitaph? Write own memorial service? Plan memorial gathering? Family Giftmarks Provide for family. Avoid family feuds. Encourage selected values. Transfer business interest. Establish family traditions. Help relatives through tough times. Compensate for tragedy or misfortune. Care for parents. Encourage education. Encourage work ethic. Reward and teach family loyalty. Continue the family name. Do the unexpected. Take trips with the family. Provide funds to trace family genealogy. Take photos to document. Demonstrate importance of small gifts. Teach importance of spending time together. Write agreements and transfer family business interest. Provide life insurance. Train family members in management duties.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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